Combination of contracts in Islamic Finance practices in the light of Hadith on prohibition of ‘Two Contracts in One Contract’ (Bay’atan fi Bay’ah): a Shari’ah investigation

• Main Authors: Habibur Rahman, Muhammad, Osmani, Noor Mohammad
• Format: Conference or Workshop Item
• Language: English; English
• Published: UNIPSAS, Pahang 2022
• Subjects: BPH Islamic Economics
• Online Access: http://irep.iium.edu.my/96175/2/Buku-Program-ICMAS-2020-English_2.pdf; http://irep.iium.edu.my/96175/13/96175_Combination%20of%20contracts%20in%20Islamic%20Finance%20practices.pdf; http://irep.iium.edu.my/96175/; https://ejournal.kuipsas.edu.my/index.php/jhepi/article/view/164/131

To cater the dramatic changes in market demands, Islamic financial institutions supply various types of Islamic financial products and services. Some of them are categorized as a hybrid in nature, which combines more than one contract. Essentially this would be assumed to trigger the shari’ah compli...